This page reflects CALM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — CALM
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $70.00 (3.33 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$3.33
±5.0%
Days to Expiry
14
Calendar days
Total Call OI
3,721
Nearest expiry
Total Put OI
2,254
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$66.67
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$80.00
8/21/2026, 11:03:41 PM
2026-09-18
$80.00
9/18/2026, 11:06:24 PM
2026-10-16NextUpdated
$70.00
10/2/2026, 11:06:32 PM
2026-11-20
$65.00
10/2/2026, 11:06:32 PM
2027-02-19
$70.00
10/2/2026, 11:06:32 PM
2027-05-21
$70.00
10/2/2026, 11:06:32 PM
Selected expiration: 2026-10-16 at max pain $70.00.
CALM pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
6020000
6020000
45
500
4895000
4895500
50
37500
3770000
3807500
55
86000
2660000
2746000
60
134500
1632500
1767000
65
190500
752000
942500
70
388500
71000
459500
75
683500
1000
684500
80
1285500
0
1285500
85
2209500
0
2209500
90
3458000
0
3458000
95
4941500
0
4941500
100
6504000
0
6504000
105
8302000
0
8302000
110
10108500
0
10108500
115
11929500
0
11929500
120
13790000
0
13790000
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.